Mark E. Devlin
Mark Devlin
408-309-4129408-309-4129

611 San Luisito WAY, SUNNYVALE, CA 94085 (MLS # ML81768200)

Save to Favorites
Print
Share
PRICE $5,650,000
SIZE 9,390 sq ft
LOT SIZE 19,998 sqft

Part of a 3-building portfolio- marketing packages available. CAP rate: 4.32% Current / 5.14% Potential. 611 San Luisito Way is a wonderful 13-unit apartment community with 1 (3-Bed/1-Bath), 9 (2-Bed/1-Bath), 3 (1-Bed/1-Bath) units. A tranquil courtyard with mature landscaping and swimming pool creates a garden style feel to the property. Recent capital improvements of over $350,000. 11 of 13 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels, backflows, pool equipment, paint, roof work, and more. Strategically located near VTA, Caltrain, and Highway 101. Opportunity to add further value by increasing income and continuing the repositioning of the property to the preferences of Silicon Valley technology employees. The shortage of housing units, rent growth, and proximity to large Silicon Valley employers make it a great opportunity for both the cash flow and appreciation-minded investor.

OPEN HOUSE
Thursday, September 19, 2019 12:00:00 PM to 2:00:00 PM

LAST UPDATED 9/16/2019 YEAR BUILT 1959
COMMUNITY Sunnyvale COUNTY Santa Clara
TOTAL PARKING 7 STATUS Active
PROPERTY TYPE(S) Commercial Multi-Residential (5+ units)


ADDITIONAL DETAILS
ADDITIONAL LISTING INFO Not Applicable
ADDITIONAL ROOMS Storage
AMENITIES MISC. Dumbwaiter, High Ceiling, Walk-in Closet
COMMUNICATIONS Cable TV
CONSTRUCTION TYPE Wood
COOLING Ceiling Fan
ENERGY FEATURES Double Pane Windows
FLOORING Concrete, Vinyl / Linoleum
FOUNDATION Concrete Slab
GARAGE SPACES 0
GARAGEPARKINGSPACES Assigned Spaces, Common Parking Area, Covered Parking, Off-Street Parking, Parking Area, Uncovered Parking
HEATING Wall Furnace
KITCHEN Appliances - Vary by Unit, Cooktop - Electric, Cooktop - Gas, Countertop - Ceramic, Countertop - Granite, Countertop - Tile, Exhaust Fan, Freezer, Garbage Disposal, Hookups - Gas, Microwave
LAUNDRY Coin Operated, Washer / Dryer
LISTING CLASS Commercial Multi-Residential (5+ units)
LISTING SERVICE Full Service
LOT DESCRIPTION Grade - Level
METERS Master Water, Separate Electric, Separate Gas
NUMBER OF BUILDINGS 2
PARKING SPACES 8
POOL Community Facility
RESTRICTIONS None
ROOF Flat / Low Pitch
SECURITY FEATURES Fire System - Suppression
SEWER SEPTIC Sewer - Public
SPECIAL FEATURES None
SUBCLASS Five or More Units
UTILITIES Individual Electric Meters, Individual Gas Meters
WATER Public
YARD/GROUNDS Balcony / Patio, Courtyard, Fenced
YEAR BUILT 1959
ZONING TEXT R3
Listing provided by Ismael Benhamida, Marcus & Millichap

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 9/16/19 8:30 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2019 MLSListings Inc. All rights reserved.



49 Car-Dependent



 
CONTACT US ABOUT 611 SAN LUISITO WAY
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Mark Devlin to contact you even if your name is on a Federal or State "Do not call List".